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Tier 1 (Investor) Visa Scheme Suspended

Posted by: Gherson Immigration

Tier 1 (Investor) Visa Scheme Suspended

In a shocking move late last night, the Home Office announced that they are going to suspend the Tier 1 (Investor) visa.

The suspension will come into force at midnight on Friday 7 December 2018.

The Home Office have stated that the suspension will remain in place until new rules are put in place in 2019. The new rules will require the applicants to provide comprehensive audits of their financial and business interests and to show that the applicant has had control of the funds for a minimum of two years.

Gherson are monitoring the situation as it unfolds. Should you have any questions please contact us.

 

The information in this blog is for general information purposes only and does not purport to be comprehensive or to provide legal advice. Whilst every effort is made to ensure the information and law is current as of the date of publication it should be stressed that, due to the passage of time, this does not necessarily reflect the present legal position. Gherson accepts no responsibility for loss which may arise from accessing or reliance on information contained in this blog. For formal advice on the current law please don’t hesitate to contact Gherson. Legal advice is only provided pursuant to a written agreement, identified as such, and signed by the client and by or on behalf of Gherson.

©Gherson 2018

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